Space SIP (SIP) is a Play to Earn NFT RPG developed on the Binance Smart Chain platform that revolves around the acquisition of a legendary spaceship and powerful weapon to wield them. In this game, players can send the Spaceship to mine $SIP tokens and assets are player-owned NFTs minted in the ERC-721 standard which may be traded on the proprietary marketplace.
Space (SIP) is an RPG game that features PvE, PvP, and Boss fights. The player vs environment gameplay costs a certain amount of Fuel to enter Combat Arena. Each round features a set of 3 enemies presented with random elements and the fights take place on an on-chain transaction. It takes the power values of the chosen ship and chosen enemy and compares the calculated rolls to determine if the player wins or loses.
The combat performance will be determined by 4 elements which are Spaceship power, Elemental Spaceship power, Elemental Bonus, and Enemy power.
The player vs player mode is the fun part. It is often called the Battle Royal Mode where gamers will have a chance to fight each other on a map with their spaceship, chasing around and shooting others down to get rewards. However, the boss fight mode is yet to take place as it is still being worked on.
Additionally, players need to spend 500 $SIP to open a Mystery Capsule and acquire an NFT spaceship. The minting process utilizes Chainlink VRF and the chances of minting each rarity of spaceships are:- Normal (48.8%), Rare (20%), Super Rare (1%), Specially Super Rare (0.2%). There is a chance of 30% of which players will receive $SIP tokens back at a random rate between 85%-95% of 500 $SIP spent. The deducted amount goes to the reward pool and will be distributed to the community via in-game activities.
$SIP is the digital token in the Space Invaders Ecosystem. $SIP will be distributed evenly every year from a pool of rewards. Future intergalactic war operations with a $SIP subscription. The reward will be distributed based on the total number of registrations and the bonus from the reward pool. Each player, who registers with the $SIP token can get a thousand times rewards back.
Who are the founders of Space (SIP)?
Tuan Nguyen is the CEO of Space while Trong Dinh is the CTO.
What is Space (SIP) used for?
Build
Players can build their team with the rarest NFT ships, equipment, and items from the universe. They can also travel to the stars, discover new worlds, and win epic battles.
Earn
Players can earn NFTs by playing the game, then sell it on the marketplace for profit. Every NFT Character has its unique characteristics from outlook to rarity which open different strategies in playing the game.
Purchase
Players can buy $SIP to pay for spaceships, a lucky box, and in-game items to play the game.
Play-to-earn rewards
Players receive rewards through interactive game activities, including mining, PVE battle, PVP battle, lending spaceships, monthly events, etc. Players get rewards for buying items or trading on exchanges.
Governance
Owning $SIP allows users to participate in the governance process through the DAO, with development proposals and a voting structure. Issues related to the operation and development of the ecosystem can be voted on based on the preferences of the token holders.
Minting
Mint spaceships and sell them for $SIP on the marketplace
Transacting
Exchanging $SIP on a DEX for a currency that can be traded on an exchange such as Binance.
How is Space (SIP) unique?
Using the “SPACE” concept, this project aims to build a universe of connected planets where gamers can go from one planet to another and play with other players. On each planet, there will be multiple games for people to choose between so that they have more options. The developers want all the different worlds in the Space universe to connect using $SIP tokens which players earn by playing inside or outside whatever game world it is currently located within.
This will allow anyone who has earned them access across every world on their terms rather than having everything tied down into just one game system like most companies do nowadays. Space SIP (SIP) utilizes a Play-to-Earn model by distributing $SIP through mining and game activities, giving value to players ‘NFTs by increasing their use through future features. NFTs may be freely traded on the marketplace for $SIP tokens, which can then be traded on exchanges or converted to fiat currency.
The developer’s mission is to create Fun-to-Play and Play-to-Earn games that bring joy and wealth into players’ lives. We want players to enjoy their in-game as well as real-life activities, which is why our blockchain gaming ecosystem provides everything they need for both. The vision is for everyone at any age to enjoy their time playing games and have their time well spent. They can make a decent income from it.
How many Space (SIP) coins are in circulation?
It has a maximum supply of 1,000,000,000 SIP coins. They are diaries as follows:
Private Sale (10%): sale to partners, investment funds. The vesting Period (months) is 12 months & the monthly unlock rate is 7.67%. The private sale round has a lower rate than the Public Sale with the condition of long-term companionship with the project.
Public Sale (3%): open for sale on IDO platforms with 3% (Pre IDO & IDO) of the supply of the total token. The sale is to provide tokens to perform interactive activities & buy/sell NFT in the SPACE SIP ecosystem.
Team (15%): tokens will be allocated as an incentive to project founders, employees, and freelancers. The token has a vesting period of 24 months. Tokens will be allocated after the project is run for 12 months with a monthly unlock rate of 8.33%. The token allocation time lock is intended to create focus on project development before the team receives rewards.
Strategic Partner (3%): the portion will be allocated for incentives to partners during project development.
Advisory (1%): the portion will be allocated for incentives to the Advisory partner.
Marketing (6%): The portion will be allocated as a reward for community activities. The portion will be allocated as a reward for community activities. In addition, there will be rewards for content creators and developers who have actively contributed to the SPACE SIP ecosystem. Contest rewards will be opened to promote the team’s interaction with the community periodically.|
Play-2-Earn & Mining Rewards (50%): Rewards will be spent as rewards for daily game interaction. SPACE SIP has in-game token inflation reduction mechanisms (sink and faucet, lending, mystery capsule, etc). In which the number of releases will increase by the number of active users per year, the release will be completed in 5 years. The system will check on the returned data to always ensure that the token distribution is reasonable.
Liquidity (4%): is allocated to create liquidity for $SIP tokens quickly.
Reserve Fund (8%): The reserve fund will be created to minimize the risks when the crypto market fluctuates or unexpected incidents occur. Funds will be used to create a balance in the SPACE SIP ecosystem.
How is the Space network secured?
Many crypto projects implement improper token allocation. They sell tokens to early investors without a protection mechanism, which contributes to market manipulation by organizations that want control of the supply. However, Space allocates 50% of the total token supply to communities with gaming interests as they believe this will distribute decision-making power throughout many different players rather than just a few entities.
Working with their trained advisors, they’ve ensured that this does not happen by implementing certain mechanisms.
- Locking a large portion of the $SIP investors own, which vests in small amounts over time.
- Limiting the amount of $SIP each investor will be able to purchase, preventing a scenario that can significantly influence the price.
How do I buy Space (SIP)?
The SIP token can be used for a wide range of purposes, like staking and governance.
SIP tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy SIP through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Space (SIP)?
The PTPWallet platform supports many cryptocurrencies, with SIP soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
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